Debtor
Debt, arrears & collectionsA person who owes money to a creditor.
Overview
Most people are debtors at some point, such as with credit cards or loans.
Debt history appears on your credit report.
Why it matters
- Debt obligations affect affordability checks.
- Missed payments can harm your score.
- Managing debt responsibly builds credit history.
FAQs
Is having debt always bad?
No. Responsible borrowing and repayment can build credit history.
How can I manage debt better?
Track payments, budget carefully, and seek help early if struggling.
Related terms
Take control of your credit health
Get the complete credit toolkit — all features included.
Start building creditInstant setup. No credit check. Cancel anytime.